Zamil Industrial Investment Company announces the decision of the Board of Directors (by circulation) on December 14, 2023 to accept the resignation of the Chairman of the Audit Committee, Mr. Mohammad Sulaiman M. Al-Harbi (Non-Executive Board member), due to his appointment as Managing Director.
The Board also approved the appointment of Mr. Adel Saleh M. Al-Ghassab (Independent Board Member) as a member of the Audit Committee, effective January 17, 2024, to complete the remaining term of his predecessor for the current term of the Board which ends on April 30, 2025.
The Board's approval of the appointment is subject to final approval by the shareholders at the forthcoming meeting, in accordance with the Audit Committee Charter.
Mr. Adel Al-Ghassab received his Bachelor's degree in Industrial Management from King Fahd University of Petroleum and Minerals in 1986. He has more than 36 years of experience in the industrial sector and is currently a board member of several industrial companies. He served as President of Zamil Plastic Industries Company for more than 10 years and previously held several positions at Saudi Basic Industries Corporation (SABIC) in the field of marketing and manufacturing of packaging materials.
